TURKEY ON BRINK OF COLLAPSE - NO FOREX RESERVES, Inflation & Energy Prices UP 100%+, Lira DOWN 40%

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Added 2 years ago by admin

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In this video I explain why the Crisis in Turkey has become much worse over the past few days and why the economy is now on the BRINK OF COLLAPSE. Figures have just been released for December which show that INFLATION is now running at over 100% on an annualized basis. Energy prices have also been released which show increases of up to 125% in electricity. In addition to this the Government has depleted all of the FOREX Reserves in an attempt to support the LIRA. Turkey is fast running out of road....

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Chapters:
0:00 Intro
2:48 Energy Prices
6:10 Inflation
8:15 Turkish Lira
9:50 Government Initiatives
12:01 State Intervention
13:53 Summary & Conclusion

#Turkey
#Turkey Crisis
#Evergrande
#Global Financial Crisis